Alston & Bird Consumer Finance ABstract

“RESPA Section 8 – the CFPB and President Should Act Now to Restore the Rule of Law”

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Supreme Court

The Heritage Foundation recently published “RESPA Section 8 – the CFPB and President Should Act Now to Restore the Rule of Law” by Alston & Bird’s Brian Johnson.  While no substitute for reading the full article, below is a brief summary and key takeaways of the article, as discussed on the Heritage Foundation’s website:  Summary For decades, companies providing real estate settlement services relied on well-established rules and guidance from the U.S. Department of Housing and Urban … [Continue reading] about “RESPA Section 8 – the CFPB and President Should Act Now to Restore the Rule of Law”

House Financial Services Committee Subcommittee on Oversight and Investigations Holds Hearing on Mortgage Servicers and CARES Act Implementation

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State Capital building

A&B Abstract:  On July 16, 2020, the U.S. House Committee on Financial Services’ (the “Committee”) Subcommittee on Oversight and Investigations (the “Subcommittee”) held a hearing to discuss mortgage servicers and their implementation of the … [Continue reading] about House Financial Services Committee Subcommittee on Oversight and Investigations Holds Hearing on Mortgage Servicers and CARES Act Implementation

Delaware Governor Issues Order Modifying Restrictions on Residential Foreclosures and Evictions

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Residential Mortgage

A&B Abstract: On June 30, 2020, Delaware Governor, John Carney, issued a Twenty-Third Modification (the “Order”) to the Declaration of a State of Emergency (the “State of Emergency”), initially issued on March 12, 2020. The Order became fully … [Continue reading] about Delaware Governor Issues Order Modifying Restrictions on Residential Foreclosures and Evictions

State Courts Require Strict Compliance with Foreclosure Procedures

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Supreme Court

A&B ABstract: In response to the economic fallout of the COVID-19 pandemic, state executives and legislatures have seriously restricted residential foreclosures and evictions.  These restrictions have included requiring forbearance for private … [Continue reading] about State Courts Require Strict Compliance with Foreclosure Procedures

Fannie Mae Updates COVID-19 FAQ’s Related to Servicing

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A&B ABstract: On June 30, Fannie Mae updated its “COVID-19 Frequently Asked Questions” as part of an ongoing effort to provide guidance to lenders and servicers in connection with the ongoing COVID-19 national emergency. The updates address … [Continue reading] about Fannie Mae Updates COVID-19 FAQ’s Related to Servicing